Aphindile AB Boklenihas stepped down as Chief Executive Officer of IG Markets South Africa andjoined Investec's Prime Services division, according to an update on hisLinkedIn profile.The move comes monthsafter IGGroup closed its South African office as part of restructuring. Earlierthis year, the London-listed broker shut its local operations. The number ofaffected employees could not be confirmed, although IG previously had about 90staff in the country.Bokleni was appointedCEO of IG Markets South Africa in December 2023, succeeding Robert van Eyden.The leadership change followed IGGroup's global workforce reduction, which affected about 10 percent of itsemployees. His tenure as CEO lasted about two and a half years.From Trading Services to South AfricaCEOBokleni spentapproximately 11 years at IG, holding several operational and managementpositions in South Africa and India. He joined the company in tradingservices before managing client operations in India. He later returned to SouthAfrica as a member of the management team and became Chief Operating Officer inJuly 2020.Before joining IG,Bokleni spent nearly two years at Vunani Private Clients in Sandton. Heinitially worked in business development before becoming a Trade SupportSpecialist. His responsibilities included trade processing, client reporting,portfolio management, foreign exchange operations, settlement processes, andregulatory authorisations.IG Completes SouthAfrica ExitIG's office closure came about nine monthsafter the broker stopped offering services through its South African entity.Clients were given the option to transfer their accounts to one of IG'soffshore entities. FinanceMagnates.com understands that the local officecontinued to operate as a marketing hub after the regulated business hadceased. IG also surrendered its ODP licence, which is required to offercontracts for difference in South Africa.This article was written by Tareq Sikder at www.financemagnates.com.